Trust Co. of Vermont Boosts Holdings in Paycom Software, Inc. (NYSE:PAYC)

Trust Co. of Vermont raised its stake in shares of Paycom Software, Inc. (NYSE:PAYC) by 50.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,275 shares of the software maker’s stock after buying an additional 430 shares during the period. Trust Co. of Vermont’s holdings in Paycom Software were worth $261,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Private Trust Co. NA boosted its holdings in Paycom Software by 11.2% during the third quarter. Private Trust Co. NA now owns 526 shares of the software maker’s stock worth $88,000 after buying an additional 53 shares in the last quarter. Wrapmanager Inc. raised its position in shares of Paycom Software by 2.6% in the third quarter. Wrapmanager Inc. now owns 2,176 shares of the software maker’s stock worth $362,000 after acquiring an additional 56 shares during the period. Andina Capital Management LLC boosted its stake in shares of Paycom Software by 4.0% during the 3rd quarter. Andina Capital Management LLC now owns 1,651 shares of the software maker’s stock worth $275,000 after acquiring an additional 63 shares in the last quarter. Davis Investment Partners LLC grew its position in shares of Paycom Software by 1.0% during the 3rd quarter. Davis Investment Partners LLC now owns 6,397 shares of the software maker’s stock valued at $1,067,000 after acquiring an additional 64 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Paycom Software by 26.7% in the 3rd quarter. GAMMA Investing LLC now owns 323 shares of the software maker’s stock valued at $54,000 after purchasing an additional 68 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Citigroup lowered their price target on Paycom Software from $234.00 to $221.00 and set a “neutral” rating on the stock in a research report on Thursday. Mizuho lifted their price target on shares of Paycom Software from $190.00 to $210.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Barclays upped their price objective on shares of Paycom Software from $172.00 to $181.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. BMO Capital Markets lifted their target price on shares of Paycom Software from $183.00 to $197.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Finally, Piper Sandler upped their price target on shares of Paycom Software from $160.00 to $191.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Twelve equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $199.75.

Insiders Place Their Bets

In other news, CEO Chad R. Richison sold 1,950 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $164.29, for a total value of $320,365.50. Following the completion of the sale, the chief executive officer now owns 2,760,660 shares of the company’s stock, valued at $453,548,831.40. This represents a 0.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold 19,500 shares of company stock valued at $3,882,567 in the last three months. 12.60% of the stock is currently owned by insiders.

Paycom Software Price Performance

Shares of Paycom Software stock opened at $208.51 on Monday. The stock’s 50 day simple moving average is $218.99 and its 200-day simple moving average is $184.83. The stock has a market cap of $12.02 billion, a P/E ratio of 25.09, a P/E/G ratio of 2.78 and a beta of 1.14. Paycom Software, Inc. has a 1-year low of $139.50 and a 1-year high of $242.74.

Paycom Software Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, November 25th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.72%. The ex-dividend date was Monday, November 25th. Paycom Software’s payout ratio is currently 18.05%.

Paycom Software Company Profile

Paycom Software, Inc provides cloud-based human capital management (HCM) solution delivered as software-as-a-service for small to mid-sized companies in the United States. It offers functionality and data analytics that businesses need to manage the employment life cycle from recruitment to retirement.